HC issues show-cause notice to Go First resolution professional on non-maintenance of aircraft theprint.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theprint.in Daily Mail and Mail on Sunday newspapers.
The Hinduja-led IIHL - the successful resolution applicant of Reliance Capital - cannot extinguish the employees stock options (ESOPs) & other incentive schemes of the Reliance General Insurance Company (RGIC) employees, a subsidiary of .
Reliance General Insurance has issued ESOPs to its employees. Khaitan & Co in its legal opinion submitted to the RGIC has opined that under IBC, treatment of assets and liabilities of subsidiary companies are not permitted to be prescribed under a resolution plan for the holding company. The IBC recognises the principle of separate legal entity , which means that once incorporated, the company becomes a separate legal person and has a personality that is distinct from the person responsible for its constitution.
Reliance General Insurance Takes Legal Opinion On Hinduja s Plan To Extinguish ESOPs Of RCAP Subsidiaries freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.